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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: gcrispin who wrote (24568)	8/10/2006 1:01:57 AM
From: CrazyPete	Respond to of 78568

In 1998-1999 I made a fairly large bet (for me, at the time, anyway) on genomics stocks (INCY, NGEN, HYSQ) that yielded 20-30x gains. For instance, I bought HYSQ at $3.69 and sold at $101, $113, $125. I work in the industry so I would say I'm fairly well informed, but I don't think that meaningfully helped my investments. It was mostly a matter of being in the right place at the right time. I don't expect to see that kind of opportunity again any time soon. It was hardly a "value" investment, though I had some confidence that the science would pay off... for someone... in the long run.